No, that's not the racket.
Earlier I made the fairly obvious point
that we don't have TV or radio shows warning us of rackets and scams now, because the entire economy is rackets and scams.
Tonight while watching this 1952 Racket Squad episode
I came to a deeper realization.
Most of the economy ISN'T a racket as such.
A successful scam is complicated. Lots of staging and scripting and acting. Layers of deception that can be impenetrable. Inheritances that don't exist, oil wells that don't exist, companies and patents that don't exist. In this episode a large amount of real money moves around, appearing to the sucker as legit transactions while never truly leaving the control of the scammers. At the end, the real money rejoins the scammers, PLUS a large amount of the sucker's money.
Our economy is NOT sophisticated. When you look up the OBJECTIVE definition of things like QE or options or derivatives or shorts or HFT, you can see with brutal clarity that they are pure theft. The transaction is based on things that don't exist; lots of money moves around; at the end you lose and Goldman wins. But nothing is hidden. When Bugsy started QE, he TOLD US openly and directly that he was doing it to pump up the stock market, and that's exactly what happened.
ZIRP is the simplest of all. You put money in the bank. You have an expectation, an implicit contract, based on NINE HUNDRED FUCKING YEARS OF BANKING, that the bank will pay you a little bit of interest on your savings. Goldman steals the interest. You have no recourse. There are no competing banks, no alternatives, no banks operating outside the crime syndicate. All banks steal your interest. Nothing hidden, nothing mysterious. Goldman wins, you lose.
NOT A RACKET because you have NO EXCUSE for being deceived. The entire robbery is OUT IN THE OPEN. It succeeds because Goldman owns the government and the "laws". It doesn't matter if you understand. You lose and Goldman wins. That is all.
But other aspects of USA STRONG do qualify as rackets. Consider the world of "hate crimes" and "date rapes" and "terrorism" and Dolezal. These are based on "events" that did not occur at all, or "events" that are intentionally staged, or actions like "transing" that cannot possibly exist; but everyone tells the same fake story about the "events" and "transitions". Or consider Big Science. Based on pseudotheories and pseudothings like Climate Change and evolution and dark matter and parallel universes that DO NOT EXIST, but everyone tells the same fake story about the "theories" and "universes".
All of these rackets involve a lot of work and drama. A lot of real money is sloshing around. In the end you lose your money or your education or your mind or your soul or your life, and you DON'T KNOW HOW IT HAPPENED.
That's a racket.
Labels: Carbon Cult, the broken circle